231 RAYMOND AVE new Save Request In-Person Tour Request Virtual Tour
London East,ON N6A 2W1
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 700-1100
Subdivision East B
MLS Listing ID X12477966
Style 1 1/2 Storey
Bedrooms 6
Annual Tax Amount $5,096
Tax Year 2025
Property Sub-Type Detached
Property Description
RARE INVESTMENT OPPORTUNITY! Licensed 6-bedroom, 2-bathroom home located directly across from Western University. Currently leased as a single tenancy for $5,200/month plus all utilities, offering an impressive 6.5% CAP rate after expenses. This well-maintained property has seen numerous updates within the past five years, including: New doors and windows (July 2020) New furnace (Dec 2024) New water heater (Feb 2025 - rental) Custom kitchen renovation (May 2025) Complete bathroom updates - new showers, vanities, toilets, and flooring New washer and dryer (2020) New stove (2024) Excellent location, strong rental income, and a turn-key setup make this an exceptional opportunity for investors or parents of students alike. Don't miss out on this rare offering just steps from campus! (POTENTIAL ADDITIONAL PARKING IN BACK DUE TO CITY EASEMENTS AT REAR OF PROPERTY TO BE CONFIRMED BY BUYER).
Location
Province ON
County Middlesex
Community East B
Area Middlesex
Zoning R1-5
Rooms
Family Room No
Basement Finished,Full,Separate Entrance
Kitchen 1
Separate Den/Office 3
Interior
Interior Features Water Heater,Carpet Free
Cooling None
Inclusions Fridge, stove, washer, dryer, dishwasher
Exterior
Exterior Feature Deck,Landscaped,Patio
Parking Features Front Yard Parking
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 125.0
Total Parking Spaces 4
Building
Foundation Concrete
New Construction false
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/231_raymond_ave_london_on/